Incorporated in 2009, Nodus Bank has earned a reputation as a reliable bank in Puerto Rico. The bank is supervised by Puerto Rico’s banking regulator (also known as the Office of the Commissioner of Financial Institutions). Furthermore, the bank’s business activities are also governed by the federal laws of the United States of America. Such dual regulation guarantees the bank’s clients an adequate level of protection for their funds. Since Nodus Bank holds an international license, it only provides its banking services to businesses and individuals residing outside of Puerto Rico.
Medici Bank was established in 2016 and has already gained a reputation as a solid financial institution providing its banking services to clients all over the globe. It is one of the offshore banks in Puerto Rico, delivering its services daily to clients hailing from nearly 100 jurisdictions (except the US). The bank makes it possible to open a bank account in a very straightforward manner, as the entire process can be completed remotely. Medici Bank is by far one of the best institutions offering reliable online banking in Puerto Rico. Currently, the bank opens a bank account only in USD, however, from the beginning of next year, Medici Bank will be able to provide multicurrency accounts for their clients.